U.S. Trade Deficit Falls 9% in March to $64.2 Billion; Goods Deficit at $269.8 Billion on Year
Monthly trade figures show a slowing economy. Deep dives show goods gap likely to shrink. And in advanced tech, only aerospace has a trade surplus.
Monthly trade figures show a slowing economy. Deep dives show goods gap likely to shrink. And in advanced tech, only aerospace has a trade surplus.
Key Points The trade deficit with China has cost the U.S. 3.82 million jobs since 2001. Three-quarters of the job loss is concentrated in manufacturing, a total of 2.89 million manufacturing jobs lost. Job loss has been most concentrated in tradeable sectors. This has led to a decline of high paying jobs. The state-by-state analysis…
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded Democrat and Republican Senators for passing the bipartisan resolution of disapproval (H.J. Res. 39) under the Congressional Review Act (CRA) to repeal the Biden administration’s Solar Emergency Declaration. This harmful rule, in effect until June 2024, protects Chinese solar manufacturers even though the U.S.…
But rebuttal to Sullivan’s Brookings Institution speech shows a group of DC influencers are less inclined to support local manufacturing out of concerns about allied relations, more.
Jigar Shah, Director of the Loans Program Office at the DoE, is in charge of billions of dollars in new renewable energy loans. He once advocated for China solar power.
U.S. Treasury Rules Should Prioritize Domestic Manufacturing WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement urging the Biden administration to issue rules on the domestic content bonus that will incentivize the full reshoring of the domestic solar supply chain. In the coming weeks, the U.S. Treasury Department will issue guidance…
Bill Now Heads to Senate for Consideration Next Week WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded Democrats and Republicans in the House of Representatives for passing the bipartisan resolution of disapproval (H.J. Res. 39) under the Congressional Review Act (CRA) to repeal the Biden administration’s Solar Emergency Declaration. This harmful rule,…
The Solar Energy Industry Association has claimed that 30,000 jobs could be lost if tariffs are reinstated on solar panels coming in from Chinese companies based in Southeast Asia. This claim is wholly fictitious, based on inflated job numbers and a purely hypothetical analysis of the sort that has been disproved by the facts again…
What is President Biden’s solar emergency declaration? And why is it being opposed by both parties?
Human Rights Groups and Domestic Manufacturers Support the Bipartisan Effort WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that it will key vote in support of the bipartisan resolution of disapproval (H.J. Res. 39) under the Congressional Review Act (CRA) to repeal the Biden administration’s Solar Emergency Declaration. This harmful rule, in…